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You should complain about America, if the extreme left was cheering for America with the extreme right then I know something is right
That is why we have extremes
Never, ever happy, the world is awful always, no credit and 100% blame
Get over it ... we are the best in the world and nobody does it better than us
Team Logan with 4
Where are your Bears to join TDS????
See I just needed you to speak more to show you're no different that you're right wing economic thinkers
LPR right from the 1990's were designed to fall in this century not one person I know of in the world I knew off every disagreed with this and it's the call cry for Anti American Left and Right
And once you break the data down
Prime age labor force 25-54 only missing 2.8 Million Americans from the peak of the last cycle
This assume that all these Americans Want to work which they have stated they don't
I actually agree that some of this is due to demographics. Not all though.
You're funny that you mention that some people now don't want to work, but somehow forget that there were people in the last cycle that also didn't want work. And "only" 2.8 millions Americans? That may not seem like a lot to you, but I'm sure that 2.8 million people would disagree with you.
You're so desperate to push your Anti American non sense economic theories without actually reading the data first
2nd... $$$ hoarded at the top and yet nominal wages and working Americans are at peak levels .. This is what is wrong with the structural of the economy
High School Drop outs aren't buying homes in CA and this is going to be solved how
Anti Capitalist .... the few last remaining Grand children Marx ... sitting their homes ripping Capitalism apart and yet America sits on top of the world as the best domestic economy
100% off the rails here ...
Nope--I'm on the rails. Look at the % disabled. Why don't you look at that percentage over time and see how it correlates with a poor economy.
You're taking the 70's misery Index high, inflation and right before our prime age labor peak boom and you're trying to show that as your thesis
So you want high unemployment but stronger wages, Black Plague thesis
Look at the % disabled. Why don't you look at that percentage over time and see how it correlates with a poor economy.
154 million working Americans and you're trying to push you're Anti American Agenda due to people collecting disability now
You should complain about America, if the extreme left was cheering for America with the extreme right then I know something is right
That is why we have extremes
Never, ever happy, the world is awful always, no credit and 100% blame
Get over it ... we are the best in the world and nobody does it better than us
Team Logan with 4
Where are your Bears to join TDS????
Logan-I am 100% optimist. Once again you are trying to build a strawman instead of actually discussing the topic at hand..
154 million working Americans and you're trying to push you're Anti American Agenda due to people collecting disability now
How is pointing out issues with the US economy and desiring to get them fixed Anti American?
You sound like the idiots that told me speaking out against the Iraq War was Anti American.
Logan-I am 100% optimist
Yes because 1929 and Serfs comments means you're optimist
You're not versed in economics nor the data nor how to explain, so you're Anti American thesis is a rookie calling card
1929 and Serfs ... bears nothing to America in 2016
You're taking the 70's misery Index high, inflation and right before our prime age labor peak boom and you're trying to show that as your thesis
So you want high unemployment but stronger wages, Black Plague thesis
wtf are you talking about? I want LOW unemployment. And high wages. I want the US to have the best economy in the world.
That's why I want to get this shit fixed.
You sound like the idiots that told me speaking out against the Iraq War was Anti American.
We are talking economics not the war in Iraq
Stick to theme
1929 and Serfs
Yes because 1929 and Serfs comments means you're optimist
You're not versed in economics nor the data nor how to explain, so you're Anti American thesis is a rookie calling card
1929 and Serfs ... bears nothing to America in 2016
Logan--I've forgotten more about economics than you have ever learned. There's a big difference between posting a graph and understanding what it means. You have mastered the former, but have a long way to go on the latter.
I want the US to have the best economy in the world.
It already does and for a mature economy with scale as well
The way you're talking about America is describing European Economies and South American economies
There's a big difference between posting a graph and understanding what it means
Says the lady who tried to post a 2012 Median Income chart.
We are talking economics not the war in Iraq
Stick to theme
1929 and Serfs
You're hilarious. You keep trying to bring it back to your strawman. Give it up buddy. You're done.
Just post a picture of yourself smoking a cigar and go outside with your wife. Enjoy.
If Americans were as broke and weak as you claim them to be
No way on earth in a light demographic patch cycle retail sales, car sales and home sales would be at or near cycle highs
Not even close
The way you're talking about America is describing European Economies and South American economies
I'm posting facts. It is what it is. If you don't like it, vote people in to office that will change the laws.
I'm posting facts. It is what it is. If you don't like it, vote people in to office that will change the laws.
If Americans were as broke and weak as you claim them to be
No way on earth in a light demographic patch cycle retail sales, car sales and home sales would be at or near cycle highs
Not even close
#1--who claims cycle highs? That is meaningless. You could look at almost any data in 1932 and it would be at cycle highs. Does that mean the Great Depression was over?
How is pointing out issues with the US economy and desiring to get them fixed Anti American?
It is when "leftists" do it.
When rightist/Christianists do the same thing, plus complain about gays, U.S. immigration policy, bathroom fears, steel mills closing, narrower airline seats, and traffic lights, blus being unable to say "nigger", and how America ain't white enough, it's patriotic.
See--that fact that you would post this makes me think you can't read it at all. Industrial production has stopped growing.
Retail sales cannot get back to the trendline from the last 70 years. Looks like a classic structural defect.
The slop of real income is clearly getting smaller. And it's misleading anyway because it doesn't account for the inequality.
If you understood what these charts are saying, you wouldn't have posted them. They don't support your thesis.
They don't support your thesis.
You're heart is in the right place, your logic isn't.
Then again I am not the person who brought up 1929, Serfs or structural economic problems in the best domestic economy by far in the history of the world in 2016 for a mature country with a massive population.
I am not going to change your mind
Extreme Left & Extreme Right are part of society, Demagogues are very common and since 1790... rooted deep in our history
If we don't have them , then that is something truly to be mindful off
Then again I am not the person who brought up 1929
I'm sorry you can't read a simple chart. Look at the inequality charts and tell me you don't see a similarity between now and 1929.
I'm sorry you can't read a simple chart. Look at the inequality charts and tell me you don't see a similarity between now and 1929.
Like I said I am not the drama queen trying to create a false narrative thesis to America 2016 to America 1929
However, if you really believe in this thesis
You should join your Gold Bug friends, buy ammo, food and supplies and wait for the 2nd Great Depression because the Serfs as Marx wanted will revolt and we will have a bloody Russian Sunday
Like I said I am not the drama queen trying to create a false narrative thesis to America 2016 to America 1929
No--you're the guy that calls me Anti American because I think the US economy has some flaws.
I'll ask again--do you see the similarity in income and wealth inequality between 2016 and 1929?
US economy has some flaws
Having flaws
Comparing American 2016 to 1929 and saying the word serfs = Drama Queen... which is very normal for the extreme left, you're basically following the standard core routine
Probably a Zero Hedge reader soon
wealth inequality between 2016 and 1929?
Complete 2 different times for wealth and Inequity due to massive shift in demographic, it's no where close to the same, not even in the same universe
Listened to the Bears and got my ass handed to me in 2009 through 2012. Fuck them. Got back on saddle and having a field day. Gold bugs and bears have one thing in common. Prosperity scares them. It always is a BUBBLE for them.
Listened to the Bears and got my ass handed to me in 2009 through 2012. Fuck them. Got back on saddle and having a field day. Gold bugs and bears have one thing in common. Prosperity scares them. It always is a BUBBLE for them.
Ahh just by that sentence structure I know who this is ...
Complete 2 different times for wealth and Inequity due to massive shift in demographic, it's no where close to the same, not even in the same universe
What does the demographics have to do with wealth inequality? What about the demographics is different and why does it allow the economy to function well at extreme inequality levels? Here's your chance to change my mind.
I wasn't a bear in 2009. I was one of the few arguing that the worst was over and the economy would be growing.
I'm not even a bear now really. I just see the structural problems and want them fixed.
I'm the one arguing against all the idiots that say everything is in a bubble. And everything is a Ponzi scheme.
Don't you dare lump me in with them.
Nope bro. We haven't met or spoken. But I have been following zero hedge, doctor housing bubble for a while and have formed my own. conclusion on few topics. I now visit zerohedge for comedic relief when I am drinking or when I get rejected by a Heffer at some random bar. . Logan Mohtashami says
Ahh just by that sentence structure I know who this is .
What does the demographics have to do with wealth inequality
As a demographic guy myself, we stick to thesis and principal, when you have very old and very young demographic shift gaps and then have Gen X clobbered by the housing crisis you have a spread gap like this.
Nothing like 1929, our economy is so much more diverse, efficient and we are more productive as a country compared to 1929
I am not lumping anyone in particular. Just sick and tired of people too focused on doom and gloom. If it will get that bad as zero hedgers proclaim then I will deal with it then which I don't think will ever occur. Till then I am counting the blessings and doing the best I have in last few years. I am genX and unlike boomers I have faith in the upcoming generation. Makes it a much worthwhile to invest in my business. tatupu70 says
Don't you dare lump me in with them.
As a demographic guy myself, we stick to thesis and principal, when you have very old and very young demographic shift gaps and then have Gen X clobbered by the housing crisis you have a spread gap like this.
Nothing like 1929, our economy is so much more diverse, efficient and we are more productive as a country compared to 1929
Nope--that doesn't really explain it. We're talking about 1% of the population owning 30% of the wealth. An aging population doesn't cause that. And why would Gen X get clobbered, but boomers didn't?
And why would Gen X get clobbered, but boomers didn't?
They got impacted by the Housing bust more than any generation. Net worth nixed, a very high % had to tap into 401K and savings
Shifts with demographics with each economic cycle
M's who the oldest is now in the 30's are up to bat ...
If you want a good live census website this one has all data live
Nope--that doesn't really explain it.
Demographically in this cycle ages 17-29 were massive as well as ages 49-65
Writing an article about this and with housing starts and why it's hard to get to the 50 year average of 1.5 million
Sometime people forget that population growth is one thing but in reality, prime age labor force growth is the real key
And as always, we had good growth in 1980's and 1990's but this did peak out short term in 2007 and it's only slowly growing again
They got impacted by the Housing bust more than any generation. Net worth nixed, a very high % had to tap into 401K and savings
That doesn't answer my question. The question was WHY? Since you won't answer I'll tell you. They weren't hit harder, they were just more likely to have bought at the top and not have enjoyed as much of the run-up. So, it just seems to you like they were hit harder.
Demographically in this cycle ages 17-29 were massive as well as ages 49-65
Writing an article about this and with housing starts and why it's hard to get to the 50 year average of 1.5 million
Sometime people forget that population growth is one thing but in reality, prime age labor force growth is the real key
And as always, we had good growth in 1980's and 1990's but this did peak out short term in 2007 and it's only slowly growing again
Once again--that's nice, but it has nothing to do with the topic at hand. The original question that you failed to answer was how does demographics explain the income and wealth inequality we see today?
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I want names and everyone to pick their side and I want to save this thread for when the next decade comes I want us all to remember those who bet against this country
#Economics
The days of running your false economic theories on this site are over
Pick a side and Let this war begin because the recession timeline isn't that far off ... We will see how your 1929 thesis holds up